875 Country Hills Dr - Medical FOR SALE


Ogden, UT 84403- South Ogden
$5,648,500 USD
801-303-5493
875 Country Hills Dr, Ogden, UT for Sale
$5,648,500 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

NEW


875 Country Hills Dr
Ogden, UT 84403
South Ogden


HIGHLIGHTS

  • The current tenant, Country Hills Eye Center plans to sign a short-term extension (4-6 months) prior to vacating the property
  • Fully built-out medical space with surgery rooms
  • Substantial 4.67x parking ratio
  • Located on Country Hills Drive (40th Street), a major retail and medical-office corridor featuring 20,255 average daily vehicles
  • Less than a quarter mile southeast of the property is the McKay-Dee Hospital, Intermountain Health’s 3rd-largest hospital
  • Strong area demographics with 59,221 households with median incomes of $78,080 within a 5-mile radius

OVERVIEW

Cushman & Wakefield, as the exclusive advisor, is pleased to present the opportunity to acquire 875 Country Hills Drive (the “Property”), a 20,540-sf medical office building located in South Ogden, Utah. Currently serving as the Country Hills Eye Center, the tenant plans to sign a short-term extension (4-6 months) prior to vacating the Property. This is a prime opportunity for both owner-users and investors to secure a top-tier, fully built-out medical office that is equipped with surgery rooms. In addition, the Property is in a highly desirable location, right next to McKay-Dee Hospital. Built in 1998 on a 2.45-acre site, the Property features a substantial 4.67x parking ratio and is conveniently located on Country Hills Drive (40th Street) in South Ogden. This area is a major retail and medical-office corridor with an average daily traffic count of 20,255 vehicles. Less than a quarter mile southeast of the Property is the McKay-Dee Hospital, Intermountain Health’s 3rd-largest hospital, with 1,000 employees and 310 licensed beds. The hospital spans 730,000 sf. Additionally, a Smith’s anchored retail center nearby draws significant foot traffic to the area. The Property benefits from strong area demographics. Within a 5-mile radius, there are 59,221 households with a median household income of $78,080, indicating a robust local economy. This high household count, coupled with strong median incomes, demonstrates increased demand for medical services in the area. As Utah’s population continues to age, this location will only become more valuable. This offering presents a rare opportunity to acquire quality medical space in an up-and-coming submarket.

FOR SALE DETAILS

PRICE

$5,648,500 USD

PRICE/SF

$290 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

South Ogden Medical Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

40th Street General

APN/PARCEL ID

06-074-0015

ASK ABOUT THIS PROPERTY

Justin BaileyCushman & WakefieldMore Info
801-303-5493

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Justin BaileyCushman & WakefieldMore Info
801-303-5493

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.